The property is situated in a prime position along Monton Road in Monton Village, an affluent suburb to the North West of Eccles. Manchester City Centre is located approximately 4 miles to the East, and the immediate area boasts excellent transport links, being around 1 mile from junction 2 of the M602 Motorway, which leads to the M60 Orbital Motorway. Additionally, Eccles railway station is just over a mile to the South East, which provides easy access to Manchester, Liverpool, Leeds and the surrounding areas.
Monton Road benefits from several national operators including Natwest, Costa and Betfred but is also home to a number of local independent shops, cafes and restaurants. Description
The property is an attractively presented four-storey parade of brick construction under a pitched slate roof. The property spans across three units with a single restaurant tenant occupying the whole of the basement and ground floor, and five self-contained 1 bed flats above with access from the front arranged over first and second floors. The restaurant premises are let to 6/Cut Limited (with personal guarantee) on a 25 year effective Fri lease to 2028. The restaurant has the benefit of a large pavement forecourt, which is licensed and provides 50 covers.
The first and second floor flats are all self contained one-bedroom flats between 527 Sq. Ft. And 614 Sq. Ft. That are each held on AST agreements and achieve between £500 - £550 pcm each. Sale price
Offers over £875,000 are invited for the freehold, which represents an attractive Gross Initial Yield of 8.14% Tenure
As measured on a net internal area basis (nia) for the commercial accommodation and a gross internal area basis (gia) for the residential accommodation in accordance with floor areas provided by Vendor: Business rates/ council tax/ EPC
Commercial The restaurants current rateable value (2017 listing) is £48,250. The current uniform business rate is 49.3p/£ - 2018/19.
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